Form8.5(EPT/NON-RI)Capital&Counties Properties plc

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose

CAPITAL & COUNTIES PROPERTIES PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

Capital & Counties Properties plc

principal trader is connected

(d)

Date position held/dealing undertaken:

11 May 2022

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

trader making disclosures in respect of any other party to the offer?

SHAFTESBURY PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

4,095,344

0.48%

6,025,682

0.71%

(2)

Cash-settled derivatives:

22,932,858

2.69%

3,145,372

0.37%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

27,028,202

3.18%

9,171,054

1.08%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

25p ordinary

Purchase

258,970

1.6010 GBP

1.568 GBP

25p ordinary

Sale

692,573

1.6072 GBP

1.5598 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

 SWAP

Decreasing Long

40

1.5980 GBP

25p ordinary

 SWAP

Decreasing Long

81

1.5862 GBP

25p ordinary

 SWAP

Decreasing Long

3,614

1.6026 GBP

25p ordinary

 SWAP

Decreasing Long

4,937

31.2923 ZAR

25p ordinary

 SWAP

Decreasing Long

6,074

31.6615 ZAR

25p ordinary

 SWAP

Decreasing Long

9,651

1.5784 GBP

25p ordinary

 SWAP

Decreasing Long

11,341

1.5892 GBP

25p ordinary

 SWAP

Decreasing Long

13,845

1.6003 GBP

25p ordinary

 SWAP

Decreasing Long

16,188

1.5820 GBP

25p ordinary

 SWAP

Decreasing Long

16,455

1.5943 GBP

25p ordinary

 SWAP

Decreasing Long

30,420

1.5895 GBP

25p ordinary

 SWAP

Decreasing Short

200

1.5589 GBP

25p ordinary

 SWAP

Decreasing Short

4,937

31.2923 ZAR

25p ordinary

 SWAP

Decreasing Short

6,074

31.6615 ZAR

25p ordinary

 SWAP

Decreasing Short

7,573

31.6012 ZAR

25p ordinary

 CFD

Increasing Long

4

1.5800 GBP

25p ordinary

 SWAP

Increasing Long

710

1.5598 GBP

25p ordinary

 CFD

Increasing Long

3,432

31.5600 ZAR

25p ordinary

 CFD

Increasing Long

3,432

31.5600 ZAR

25p ordinary

 SWAP

Increasing Long

7,573

31.6012 ZAR

25p ordinary

 SWAP

Increasing Long

8,968

31.5169 ZAR

25p ordinary

 CFD

Increasing Long

17,620

31.5957 ZAR

25p ordinary

 SWAP

Increasing Long

19,050

1.5941 GBP

25p ordinary

 SWAP

Increasing Long

19,050

1.6070 GBP

25p ordinary

 CFD

Increasing Long

24,380

1.5902 GBP

25p ordinary

 CFD

Increasing Long

34,792

31.3690 ZAR

25p ordinary

 CFD

Increasing Long

35,348

1.5872 GBP

25p ordinary

 CFD

Increasing Long

35,872

31.5074 ZAR

25p ordinary

 CFD

Increasing Long

37,740

31.5324 ZAR

25p ordinary

 SWAP

Increasing Long

106,404

31.4799 ZAR

25p ordinary

 CFD

Increasing Long

135,668

1.5941 GBP

25p ordinary

 SWAP

Increasing Long

275,968

1.5863 GBP

25p ordinary

 CFD

Increasing Long

414,124

1.5896 GBP

25p ordinary

 CFD

Increasing Long

425,616

31.4893 ZAR

25p ordinary

 CFD

Increasing Short

4

1.5800 GBP

25p ordinary

 SWAP

Increasing Short

1,500

1.5859 GBP

25p ordinary

 CFD

Increasing Short

3,432

31.5600 ZAR

25p ordinary

 CFD

Increasing Short

3,432

31.5600 ZAR

25p ordinary

 SWAP

Increasing Short

10,224

1.5902 GBP

25p ordinary

 CFD

Increasing Short

17,620

31.5957 ZAR

25p ordinary

 SWAP

Increasing Short

20,580

1.5912 GBP

25p ordinary

 SWAP

Increasing Short

23,457

1.5908 GBP

25p ordinary

 CFD

Increasing Short

24,380

1.5902 GBP

25p ordinary

 SWAP

Increasing Short

27,369

1.5822 GBP

25p ordinary

 SWAP

Increasing Short

30,467

1.5952 GBP

25p ordinary

 CFD

Increasing Short

34,792

31.3690 ZAR

25p ordinary

 CFD

Increasing Short

35,348

1.5872 GBP

25p ordinary

 CFD

Increasing Short

35,872

31.5074 ZAR

25p ordinary

 CFD

Increasing Short

37,740

31.5324 ZAR

25p ordinary

 SWAP

Increasing Short

40,784

1.5845 GBP

25p ordinary

 SWAP

Increasing Short

63,646

1.5831 GBP

25p ordinary

 CFD

Increasing Short

135,668

1.5941 GBP

25p ordinary

 CFD

Increasing Short

414,124

1.5896 GBP

25p ordinary

 CFD

Increasing Short

425,616

31.4893 ZAR

25p ordinary

 CFD

Opening Long

4

1.5800 GBP

25p ordinary

 CFD

Opening Long

3,432

31.5600 ZAR

25p ordinary

 CFD

Opening Long

3,432

31.5600 ZAR

25p ordinary

 CFD

Opening Long

17,620

31.5957 ZAR

25p ordinary

 CFD

Opening Long

24,380

1.5902 GBP

25p ordinary

 CFD

Opening Long

34,792

31.3690 ZAR

25p ordinary

 CFD

Opening Long

35,348

1.5872 GBP

25p ordinary

 CFD

Opening Long

35,872

31.5074 ZAR

25p ordinary

 CFD

Opening Long

37,740

31.5324 ZAR

25p ordinary

 CFD

Opening Long

135,668

1.5941 GBP

25p ordinary

 CFD

Opening Long

414,124

1.5896 GBP

25p ordinary

 CFD

Opening Long

425,616

31.4893 ZAR

25p ordinary

 CFD

Opening Short

4

1.5800 GBP

25p ordinary

 CFD

Opening Short

3,432

31.5600 ZAR

25p ordinary

 CFD

Opening Short

3,432

31.5600 ZAR

25p ordinary

 CFD

Opening Short

17,620

31.5957 ZAR

25p ordinary

 CFD

Opening Short

24,380

1.5902 GBP

25p ordinary

 CFD

Opening Short

34,792

31.3690 ZAR

25p ordinary

 CFD

Opening Short

35,348

1.5872 GBP

25p ordinary

 CFD

Opening Short

35,872

31.5074 ZAR

25p ordinary

 CFD

Opening Short

37,740

31.5324 ZAR

25p ordinary

 CFD

Opening Short

135,668

1.5941 GBP

25p ordinary

 CFD

Opening Short

414,124

1.5896 GBP

25p ordinary

 CFD

Opening Short

425,616

31.4893 ZAR

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

12 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213